Øyvind Hasaas resigns as CEO in REC Solar ASA

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Oslo, 26 March 2014 - CEO Øyvind Hasaas has informed the Board of Directors in REC Solar that he wishes to resign to seek new opportunities. Mr. Hasaas has an expat contract for his assignment in Singapore until 30 June 2014.  

The board of directors will assess both internal and external candidates and expect to have a new CEO in place during the summer of 2014.

The chairman of the board Mr. Ole Enger, will during any interim period until a new CEO is in place take increased responsibility for the company's operations, in close cooperation with the local management in Singapore.

For further information,
Ole Enger, Chairman of the Board REC Solar ASA, +47 911 38 223

About REC Solar ASA
REC is a leading global provider of solar energy solutions. With more than 15 years of experience, we offer sustainable, high performing products, services and investments for the solar industry. Together with our partners, we create value by providing solutions that better meet the world's growing energy needs. REC is headquartered in Norway and listed on the Oslo Stock Exchange (ticker: RECSOL). Our 1,600 employees worldwide generated revenues of USD 647 million in 2013. Find out more about REC at www.recgroup.com

 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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